COT Report Indicator with Selectable Data Type

1 de dez.

Overview
The COT Report Indicator with Selectable Data Types is a powerful tool for traders who want to gain deeper insights into market sentiment using the Commitment of Traders (COT) data. This indicator allows you to visualize the net positions of different participant categories—Commercial, Noncommercial, and Nonreportable—directly on your chart.

The indicator is fully customizable, allowing you to select the type of data to display, sync with your chart's timeframe, or choose a custom timeframe. Whether you're analyzing gold, crude oil, indices, or forex pairs, this indicator adapts seamlessly to your trading needs.

Features

• Dynamic Data Selection:
  
• Choose between Commercial, Noncommercial, or Nonreportable data types.
  
• Analyze the net positions of market participants for more informed decision-making.
  

Flexible Timeframes:

• Sync with the chart's timeframe for quick analysis.
  
• Select a custom timeframe to view COT data at your preferred granularity.
  
• Wide Asset Coverage:
  
• Supports various assets, including gold, silver, crude oil, indices, and forex pairs.
  
• Automatically adjusts to the ticker you're analyzing.
  

Clear Visual Representation:

• Displays Net Long, Net Short, and Net Difference (Long - Short) positions with distinct colors for easy interpretation.
  

Error Handling:

• Alerts you if the symbol is unsupported, ensuring you know when COT data isn't available for a specific asset.
  

How to Use
Add the Indicator:

• Click "Indicators" in TradingView and search for "COT Report Indicator with Selectable Data Types."
  
• Add it to your chart.
  

Customize the Settings:

• Data Type: Choose between Commercial, Noncommercial, or Nonreportable positions.
  
• Data Source: Select "Futures Only" or "Futures and Options."
  
• Timeframe: Sync with the chart's timeframe or specify a custom one (e.g., weekly, monthly).
  

Interpret the Data:

• Green Line: Net Long Positions.
  
• Red Line: Net Short Positions.
  
• Black Line: Net Difference (Long - Short).
  

Supported Symbols:
Gold, Silver, Crude Oil, Natural Gas, Forex Pairs, S&P 500, US30, NAS100, and more.
Who Can Benefit
Trend Followers: Identify the buying/selling trends of Commercial and Noncommercial participants.
Sentiment Analysts: Understand shifts in sentiment among major market players.
Long-Term Traders: Use COT data to confirm or contradict your fundamental analysis.
Example Use Case
For example, if you're trading gold (XAUUSD) and select Noncommercial Positions, you’ll see the long and short positions of speculators. An increase in net long positions may signal bullish sentiment, while an increase in net short positions may indicate bearish sentiment.

If you switch to Commercial Positions, you'll get insights into how hedgers and institutions are positioning themselves, helping you confirm or counterbalance your current trading strategy.

Limitations
The indicator only works with supported symbols (COT data availability is limited to specific assets).
The COT data is updated weekly, so it is not suitable for short-term intraday trading.